![]() “It still feels like on a relative basis the rupee has done a lot better,” he said, pointing to the steeper declines in the value of the euro and the British pound against the dollar. The open market rates provided by Pakistani currency exchange traders used to compute the USD/PKR exchange rate. “A lot of it is dollar strength rather than rupee weakness,” said Rahul Bajoria, the chief economist for India at Barclays. Today currency rate in Pakistan USD to PKR open market is 286.5, Euro is 301.5, British Pound to PKR open market is 343, UAE and Dirham is 78. Investors have pulled money out of India and other developing countries and poured it into the United States, where the Federal Reserve is raising interest rates aggressively to tame inflation. USD/INR (United States dollar/Indian rupee) Dec 2020 (12.2020) exchange rate history Dec 31 73.17 Dec 30 73.37 Dec 29 73.48 Dec 28 73.56 Dec 27 73. Currency Table: INR Indian Rupee All figures are mid-market rates, which are not available to consumers and are for informational purposes only. Source (2020): United Nations (list of UN member states and permanent observers plus Kosovo and Taiwan) All countries in the world by alphabetical order. Prices of those commodities have climbed after Russia invaded Ukraine.Īnother factor behind the decline of the rupee is uncertainty about the global economy that has, in turn, propelled the dollar to a 20-year high against the currencies of its major trading partners. ![]() The rupee has lost about 7 percent of its value against the dollar this year as India has spent more to import sources of energy like crude oil, natural gas and coal. The Indian rupee touched the weakest level on record against the dollar on Tuesday, another victim of higher energy prices and a stronger greenback.
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